Item 2. Unregistered Sales of Equity Securities
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Issuer Purchases of Equity Securities
Our Board of Directors authorized a stock repurchase program in 2019, and have subsequently authorized additional expenditures under the program, summarized in the table below.
Date authorized Date announced Amount authorized
February 13, 2019 April 29, 2019 $ 100,000,000
November 13, 2020 January 27, 2021 $ 100,000,000
August 12, 2021 August 17, 2021 $ 100,000,000
May 19, 2022 May 25, 2022 $ 200,000,000
November 21, 2024 November 21, 2024 $ 250,000,000
There is no stated expiration for this program. The repurchases of the Company's shares may be made in the open market, in privately negotiated transactions, or otherwise. The timing and amount of repurchases, if any, will be determined by the Company's management at its discretion and be based on a variety of factors such as the market price of the Company's common stock, corporate and contractual requirements, prevailing market and economic conditions and legal requirements. The share repurchase program may be modified, suspended or discontinued at any time. As of June 30, 2025 there was $219.1 million available under this program to repurchase shares. We repurchased 674,124 shares under the program during the three months ended June 30, 2025.
Period Total Number of Shares Purchased Average price paid per share Total number of shares purchased as part of publicly announced plans or programs Approximate dollar value of shares that may yet be purchased under the plans or programs
April 1, 2025 - April 30, 2025 145,965 $ 67.88 145,965 $ 254,170,806
May 1, 2025 - May 31, 2025 528,159 $ 66.44 528,159 $ 219,078,895
June 1, 2025 - June 30, 2025 — $ — — $ 219,078,895
Total 674,124 674,124
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